another insight he gave is they are looking to turn Tomie into mining hub... to me that means they are on the lookout to buy more tenements or make m&a in the area. Or to drive more exploration (which they do) on the existing ground. Probably combination of all three.
but the explanation about Newell highway is something that helped a lot. until now I thought they had approval issues with the open pits. if that was the case it seems to have been resolved while ago and the plan to deal with the highway and SA pit later is because they want to start getting consistent rates at Roswell first.
So forecast is to draw on the facility around June and be back cash neutral by Dec and start building cash reserves again from then on. That allows investors to model earnings etc..
Also the improved recovery rates at Tomie. this is significant.
Ann: Gold Forum Europe 2024, page-133
-
- There are more pages in this discussion • 100 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
55.0¢ |
Change
0.020(3.77%) |
Mkt cap ! $331.9M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.5¢ | 53.5¢ | $668.4K | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 100906 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 117919 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |